By 2025, The North American Plug-in Cable Market Will Be Worth Nearly $2.4 Billion

- May 20, 2019-

Recently, Allied Market Research released a report that the north American plug-in cable Market will reach $2.39 billion by 2025, with an annual compound growth rate of 12.3%.

Copper cable will account for more than half of the north American plug-in cable market in 2018 and will remain dominant throughout the forecast period, thanks to increased availability in distribution, telecommunications and other applications.However, due to the surge in the use of telecommunications and computer networks, fiber optic cables are expected to have the highest growth rate, with a compound growth rate of 15.7 per cent over the forecast period.

In terms of product types, CAT 6 cables account for the largest share of market revenue, accounting for more than 25%.However, during the forecast period, with the demand for high-speed connections, CAT 7 class cables will grow at the fastest compound annual growth rate of 26.8% during the forecast period.

From the perspective of application, the network sector has the highest growth rate, with a compound annual growth rate of 12.7% in the forecast period.By country, the United States will dominate the north American market, with a market share of more than 75 percent in 2018.This is because the accessibility of various data centers is easy.However, due to increased investment in the domestic cable manufacturing industry, Canada is estimated to grow at the highest compound annual rate of 14.9 percent from 2018 to 2025.